Upwork (UPWK) Market Capitalization (2018 - 2026)
Upwork's Market Capitalization was $1.04 billion in Q2 2026, down 41.4% from $1.78 billion a year earlier and down 23.0% from the prior quarter.
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Analysis
Upwork (UPWK) Market Capitalization (2018 - 2026) Analysis & Trends
For FY2025, Market Capitalization at Upwork came in at $2.59 billion, up 16.9% from FY2024.
- Market Capitalization has now increased for three consecutive years, though with a five-year compound annual growth rate of -9.7% (FY2020 to FY2025).
- In earlier years, Market Capitalization was $2.21 billion in FY2024 (+8.4%), $2.04 billion in FY2023 (+47.7%), $1.38 billion in FY2022 (-68.7%) and $4.41 billion in FY2021 (+2.4%).
- The Q2 2026 figure marks the lowest quarterly Market Capitalization since Q1 2020.
- Compared with a year earlier, Market Capitalization was higher in five of the last eight quarters, with growth averaging 7.4%.
- The best year-over-year quarter for Market Capitalization over five years was Q3 2021 (growth of 171.2%); the worst was Q3 2022 (a decline of 69.0%).
- Per Business Quant data, UPWK's Market Capitalization in the three quarters before Q2 2026 was $1.35 billion (Q1 2026), $2.59 billion (Q4 2025) and $2.44 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn |
| 10 | Upwork | 1.02 Bn | -1.49 Bn | 146.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.04 Bn |
| Mar 31, 2026 | 1.35 Bn |
| Dec 31, 2025 | 2.59 Bn |
| Sep 30, 2025 | 2.44 Bn |
| Jun 30, 2025 | 1.78 Bn |
| Mar 31, 2025 | 1.75 Bn |
| Dec 31, 2024 | 2.21 Bn |
| Sep 30, 2024 | 1.40 Bn |
| Jun 30, 2024 | 1.42 Bn |
| Mar 31, 2024 | 1.63 Bn |
| Dec 31, 2023 | 2.04 Bn |
| Sep 30, 2023 | 1.55 Bn |
| Jun 30, 2023 | 1.26 Bn |
| Mar 31, 2023 | 1.51 Bn |
| Dec 31, 2022 | 1.38 Bn |
| Sep 30, 2022 | 1.79 Bn |
| Jun 30, 2022 | 2.70 Bn |
| Mar 31, 2022 | 3.01 Bn |
| Dec 31, 2021 | 4.41 Bn |
| Sep 30, 2021 | 5.77 Bn |
API Access
Upwork Market Capitalization API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=market-capitalization&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "ticker": "UPWK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=market-capitalization&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();